SHIB/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

The currency pair Shiba Inu/Tether (SHIB/USDT) moves from the ascending trendline down.

A bearish trend downwards to the next support at 0.000013930 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000014230 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘RSI fall below 70’ indicator layout is discovered. The indicator is ‘RSI fall below 70’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.000014230 – 0.000014020 – 0.000015520 – 0.000013930 – 0.000013200 – 0.000012970 — 57.652914629981 – 55.280545696909

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern –